Hasbro (HAS) Stock Holds Up Despite Miss, Expectations Muted

On Monday Hasbro (NASDAQ: HAS) reported Q2 EPS of $0.29, $0.06 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $766.3 million versus the consensus estimate of $793 million. Hasbro also announced an amendment to its partnership with Disney (NYSE: DIS).

Commenting, Goldman's Michael Kelter said, "We see the direction of HAS shares as unclear. While the company clearly missed and SG&A controls were disappointing, we believe expectations were likely muted in light of Mattel' (Nasdaq: MAT) recent miss and several other negative industry headlines."

Goldman Sachs has a Sell rating on Hasbro with a price target of $41.00

For an analyst ratings summary and ratings history on Hasbro (NASDAQ: HAS) click here. For more ratings news on Hasbro click here.

Shares of Hasbro closed at $45.38 yesterday.

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